Various hazards in Aviation Insurance
The hazard of accidental death or injury resulting from participation in aeronautics. Read more
The hazard of accidental death or injury resulting from participation in aeronautics. Read more
Sec 140 of Motor Vehicles Act, 1988 deals with the liability without fault. The claimant involved in a motor vehicle accident is not required to prove wrongful act, neglect, or default on the part of the owner of the vehicle or by any other person. Read more
The Reserve Bank of India (RBI) has extended the date for implementation of Basel III, the global capital norms for banks, by three months to 1 April. “The Reserve Bank of India has rescheduled the start date for implementation of Basel III to 1 April 2013 from 1 January 2013,†the central bank said. Read more
United India Insurance collected a premium of Rs 4,757 crore in the first half of the current financial year and is likely to cross Rs 10,000 crore in the current year. Read more
Insurance regulator IRDA has decided to relax the requirement of written confirmation from banks as a proof of residence for micro-insurance policy seekers from remote areas.
Read moreIt’s a dog’s life – in insurance, too. Though public sector general insurers and some private ones have offered this cover to tap the growing number of canine lovers in the country, interest in the product has been languishing. Read more
The budget laid down new rules for the insurance sector in 2012. The premium will be eligible for tax deduction and the income will be tax-free only if the insurance cover is 10 times the annual premium. The change forced companies to rejig their policies because tax considerations continue to drive insurance sales in India. Read more
State-controlled Union Bank of India gained 1.3 percent intraday recently as the board of directors of the company has approved raising equity capital by way of preferential allotment/ qualified institutional placements/rights issue on December 27. Read more
Bank of India has increased the interest rate on bulk deposits of Rs 10 crore and above for one to less than two years maturity to 9 per cent (from 8.75 per cent) with effect from December 27. Read more